many (most) times, the lender will not consider a loan modification until you have defaulted. so if you default, your credit will be damaged.lenders want to make sure you have skin in the game. you signed a contract for the terms listed and if you want out of the original contract, you need to pay a premium.

Proof of Funds (if any I Highly recommend this and I would say 99% its a requirement investors/banks want to see that you are willing to put "Skin in the game")6.

SPEC office building, with the only skin we had in the game being the engineering that the seller had actually paid for, and our selling commissions, I found a lender to do the deal (funded the purchase the land and construction loan).

Most private investors want you to have some skin in the game.4.

I suppose if it's the latter the work would be in identifying those partners without a lot of skin in the game or experience. 

Assuming so, as Dion pointed out, a bank isn't going to be the only one getting skinned, the second will need to make concessions, probably out of spite by the bank, and it depends too on the second.

They want to see your skin in the game. 

Maybe it's because I had skin in the game??

Not every HML will just hand you money if you have no skin in the game.

Many lenders would offer a lower interest rate with a greater downpayment (the owner has more skin in the game).